One common swap that people make is converting their traditional IRA to a Roth IRA. With this move, retirees can skip paying ...

Any money you move from a traditional IRA to a Roth IRA is treated as ordinary income. That's why you should make these ...

You can convert an IRA to a Roth no matter how old you are. But if the conversion boosts your income, it could have tax ...

Key Points Rolling a traditional 401(k) into a Roth IRA triggers immediate taxes on the full conversion amount. Roth IRAs ...

In life, you often get second chances ‒ and the same is true with investing. To illustrate, you might not have been able to contribute to a Roth IRA during your working years due to your income level, ...

The financial world is full of decisions you need to make: How much should I contribute to my 401(k) at work? (Perhaps contribute as much as you can.) Should I invest in mutual funds or ...

Unlike employer-based 401(k)s, people set up individual retirement accounts (IRAs) for themselves. But similarly to workplace retirement accounts, traditional IRAs are funded with deductible pre-tax ...

A Roth IRA and traditional IRA both have the same goal: to help you save for retirement and ensure you don’t spend your golden years struggling to make ends meet. The key difference between a Roth and ...

With the economy in the doldrums, smart investors can still give their retirement portfolios a boost by staying on top of the tax laws. The IRS is allowing savers a one-time perk if they convert a pre ...

Roth conversions increase current-year taxable income, but they allow clients to keep more of their money long-term. If they don’t convert, clients (or their heirs) will have to pay taxes on the IRA ...

Converting a traditional individual retirement account to a Roth IRA is a powerful way to reduce taxes in retirement. Essentially, you’re choosing to pay taxes now in exchange for tax-free withdrawals ...

Roth IRA vs Traditional IRA retirement savings decisions are some of the most important financial choices you’ll make when planning for retirement. Choosing between these two types of accounts can ...